|
|
Industrial policy |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Industrial policyGovernment policy to influence which industries expand and, perhaps implicitly, which contract, via subsidies, tax breaks, and other aids for favored industries. The purpose, aside from political favor, may be to foster competitive advantage where there are beneficial externalities and/or scale economies.Similar MatchesNewly Industrializing CountryNewly Industrializing CountryRefers to a group of countries previously regarded as LDCs that have recently achieved high rates and levels of economic growth. Industrial productionIndustrial productionA statistic determined by the Federal Reserve Board focusing on the total output of all US factories and mines on a monthly basis. Used as an economic indicator. Dow Jones Industrial AverageDow Jones Industrial AverageOne of the main USA share indices which monitors the movement of 30 industrial companies traded on the New York Stock Exchange.The Dow Jones Industrial Average has just been joined by a new index, the Dow Jones Total Market Index, which covers a much broader range of companies. Import substituting industrializationImport substituting industrializationA strategy for economic development based on replacing imports with domestic production. (ISI) Industrial concentrationIndustrial concentrationThe extent to which a small number of firms dominates an industry, often measured by the four-firm concentration ratio. Concentration is, in effect, the opposite of competition, though in an open economy imports complicate the relationship. Further SuggestionsStandard Industrial Classification (SIC)industrial life assurance Industrials Industrial Tax Exemption De-industrialization Newly Industrializing Economy Industrial revenue bond (IRB) |
|
|
|